Global software and services major Tata Consultancy Services is in the last stages of finalising a multi-million outsourcing contract with the International Monetary Fund. Under the deal, the IMF will offshore some of its back-office work
Flag Telecom was looking at divesting up to 20 per cent of its equity stake through an international convertible bond issue and raise over $200 million.
The telecommunications industry will seek a 10-year tax holiday and an additional depreciation of 15 per cent for telecom equipment in the forthcoming Union Budget for 2007-08.
At 42%, the average spend on handset as percentage of monthly salary in India is the world's highest.
Norm W K Lo loves Indian food and is fond of savouring daal and naan, that is whenever he is in the country. And for him getting close to the food he loves is not a far-fetched dream, as Lo's job mandates he travel to India at least twice every month
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